Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
Industrial buildings are depreciated on a straight line method, 4% per year. Companies involved in enterprise zones can claim 100% depreciation for commercial buildings. U.K. Personal Credits and Deductions For British residents, the first annual income of GBP 9,440 is tax exempt in 2013-14.